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Budget Spending 85K CR

Odisha Government has spent over Rs.85,600 Crore during 2016-17, while the Annual Budget was about Rs.94, 050 Crore.

 
Generation of fewer amounts of resources due to low growth in Own Tax and Non Tax Revenue and less flow of funds from Central Kitty has resulted in missing the target, sources admit.
 
For last few years funds flow from Union Government has slowed down due to scarping of several Centrally Sponsored Schemes, admit officials.
 
However the spending was higher than 2015-16 and evenly spent during the entire year.
 
While the Annual Budget during 2015-16 was Rs.84,487 Crore spending was Rs.77, 496 Crore.
 
The latest Report on Spending from the State Budget for 2016-17 reveals the fact that  those days are gone when lion share of the Budget was spent in the year ending month of March itself.
 
Thanks to regular monitoring of the spending by various departments has not only helped the State to keep a track on the expenditure taken up by various departments, but also Budget Execution was properly maintained, sources said.
 
Regular review of Resource Generation and Budget Spending taken up by the Chief Secretary has yielded positive results, admit officials.
 
Review recourses generation and spending by the major development and infrastructure departments were monitored on month to month basis, said a senior official in Department of Finance.
 
While spending in 2016-17 was less during April, it picked up from May onwards and during June it went up to Rs.9271 Crore and during rainy season spending was less, however on an average monthly spending of over Rs.6000 Crore was recorded during last fiscal, sources said.
 
While in April, 2016, spending was Rs.2413 Crore, it went up to Rs.5740 Crore in May and in June Rs.9271 Crore.
 
In July spending was Rs.7434 Crore, while in August it went down to Rs.5544 Core due to rains and later in September spending recorded hike to Rs.6308 Crore, said sources.
 
It went slightly down to Rs.6118 Crore in October, however the impact of Demonetization in November resulted a nosedive in spending to Rs.5966 Crore.
 
Scarping of old high value notes of Rs.1000 and Rs.500 resulted slump in spending. For days together the State Government faced tough time to handle such a crisis, when availability of new currency note posed a serious problem.
 
However it picked up in December and spending was Rs.9239 Crore. And during last January, February and March spending was over Rs.26,000 Crore said sources.
 
In these three months were higher spending was registered as the infrastructure development departments were taking up projects on a time bound manner, said sources.
 
 
 
 


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